LUTECO
ActiveThe computed 12-month bankruptcy probability of LUTECO is 1.6% (moderate). The 2024 annual accounts show equity of €69k and a net result of €10k. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 64% of 18942 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▲+6
Solvency70▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 2.02 in 2023; short-term debt: 18.4% and cash: 16.6% of total assets), but 54.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
45.3%
Return on assets
6.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-08-2025, 23 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d late
2023
49 d late
2022
22 d late
2021
71 d late
2020
86 d late
2019
70 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€69k▲ 17.2%
2023 · €59k
2018: €28k
2019: €30k
2020: €39k
2021: €47k
2022: €53k
2023: €59k
2018 → 2024
Total assets
€153k▼ 3.3%
2023 · €158k
2018: €167k
2019: €183k
2020: €168k
2021: €176k
2022: €160k
2023: €158k
2018 → 2024
Net result
€10k▲ 58.0%
2023 · €6k
2018: €3k
2019: €2k
2020: €9k
2021: €9k
2022: €5k
2023: €6k
2018 → 2024
Working capital
€39k▲ 15.2%
2023 · €34k
2018: €46k
2019: €42k
2020: €45k
2021: €38k
2022: €40k
2023: €34k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€39k-€47k▲ 22.7%€53k▲ 10.9%€59k▲ 12.2%€69k▲ 17.2%
Operating result€16k-€17k▲ 5.2%€14k▼ 21.5%€14k▲ 4.2%€20k▲ 44.2%
Net result€9k-€9k▲ 0.2%€5k▼ 41.1%€6k▲ 24.5%€10k▲ 58.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 44% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €153k
Fixed assets
€85k▼ 5.6%
Current assets
€68k▼ 0.2%
Equity and liabilities €153k
Equity
€69k▲ 17.2%
Debt
€84k▼ 15.5%
The debt ratio falls from 62.6% to 54.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▲
2023 · €26k
Cash flow
€18k▼
2023 · €18k
Solvency
45.3%▲
2023 · 37.4%
Current ratio
2.40▲
2023 · 2.02
Quick ratio
2.24▲
2023 · 1.91
Debt / equity
1.21▼
2023 · 1.68
ROE
14.7%▲
2023 · 10.9%
ROA
6.7%▲
2023 · 4.1%
Interest coverage
6.87▲
2023 · 5.63
Debt
€84k▼
2023 · €99k
Debt ≤ 1 year
€28k▼
2023 · €33k
Debt > 1 year
€55k▼
2023 · €66k
Income taxes
€6k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€158k€153k▼
Fixed assets21/28€90k€85k▼
Tangible fixed assets22/27€90k€85k▼
Land and buildings22€83k€79k▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€5k€5k▲
Financial fixed assets28€500€500=
Current assets29/58€68k€68k▼
Stocks and contracts in progress3€4k€4k▲
Stocks30/36€4k€4k▲
Amounts receivable within one year40/41€49k€38k▼
Trade receivables40-€5k
Other amounts receivable41€49k€33k▼
Cash at bank and in hand54/58€15k€25k▲
Equity and liabilities
Total equity and liabilities10/49€158k€153k▼
Equity10/15€59k€69k▲
Contributions10/11€15k€15k=
Reserves13€44k€54k▲
Distributable reserves133€44k€54k▲
Amounts payable17/49€99k€84k▼
Amounts payable after more than one year17€66k€55k▼
Financial debts170/4€66k€55k▼
Amounts payable within one year42/48€33k€28k▼
Current portion of amounts payable after more than one year42€13k€10k▼
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€13k€12k▼
Suppliers440/4€13k€12k▼
Taxes, remuneration and social security45€5k€6k▲
Taxes450/3€5k€6k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€8k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€28k€30k▲
Operating profit (loss)9901€14k€20k▲
Financial income75/76B€1€20▲
Recurring financial income75€1€20▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€9k€16k▲
Income taxes67/77€3k€6k▲
Profit (loss) for the period9904€6k€10k▲
Profit (loss) for the period to be appropriated9905€6k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€10k▲
Transfer to equity691/2€6k€10k▲
To other reserves6921€6k€10k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
31-12
Financial
Highest result since 2018net €10k ▲58%
Operating result €20k, net result €10k, both a record.
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
31-12
Financial
Weakest financial yearnet €2k ▼35.3%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 85 days late
2017
18-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 79 days late
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 88 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dendermonde · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Smidsestraat (GRE) 99200 DendermondeGround area
194 m²
Building footprint
77 m²
Volume, LiDAR
419 m³
Parcel 42007A0358/00D000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
T DORP
since 20092.176.448.980
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42007A0358/00D000 | Flanders | 194 m² | 1 · 77 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDendermonde2.176.448.980
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,176 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-02-2009
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.